Pension planning and saving in a tax-efficient manner remain important in ensuring a comfortable retirement. A personal pension product offers tax relief on your contribution at your marginal rate of tax. The basic rate the taxpayer receives the relief at source, while a higher rate taxpayer and an additional rate taxpayer can reclaim further tax relief through their self-assessment when contributing to a personal pension product.

 

The changing working landscape has resulted in more individuals changing employment. As a result, the preservation of one’s retirement savings is crucial to ensuring a comfortable retirement.